Donald Trump refers to more relief from US car makers

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Donald Trump indicated that the car manufacturers may provide some comfort from the definitions, in the last banners, the President of the United States will pay points for the selected industries.

Trump said he was “looking at something to help car companies” that were making vehicles in North America.

“They turn into parts made in Canada, Mexico and other places, and they need a little time, because they will make them here,” Trump from the Oval Office said on Monday.

His remarks came after the administration was exempt at the weekend smartphones, laptops and other electronic goods for consumers from “mutual” DefinitionsAlthough US officials later said that these elements could be arrested on a later tour of the fees.

Trump revealed a 25 % high -srying tariff on car imports and parts last month, in a move that threatens to increase the costs of American consumers and raise global supply chains of cars.

Under the trading system, cars and parts made in Canada and Mexico face fewer fees and attract only 25 percent tariffs on their non -American content if they comply with the rules of the USMCA Trade Agreement for 2020.

Trump’s comments on Monday indicate that it may provide car companies more time to transfer supply chains to North America.

The shares in the so-called Detroit 3 auto-Ford, Stelliantes, General Motors-Monday, each of them reached about 4 percent of the US-listed shares in Chrysler Stelinsus by 5 percent.

The trio was pressing the administration for several months to provide a complete exemption from the customs tariff for any cars and parts that are compatible with USMCA.

“I think there is an increasing awareness that some of this customs tariffs have unintended consequences and make it difficult to assemble vehicles in the United States,” said Matt Blant, head of the US Automobile Policy Council, who represents the three companies.

Vehicle makers through Trump’s tariff are also exposed by 25 percent on steel and aluminum imports, while some vehicle makers face other duties such as 20 percent fees for the president on China.

“There is an understanding that some individual definitions that are accumulated on the parts undermine the goal of manufacturing in the United States, which is a goal we share with the administration,” said Blant.

On Monday, Trump described “a very flexible person.”